Gold has not proven to be a good inflation hedge…[its] correlations with stocks and bonds are unstable…[and Morgan Stanley] no longer views gold as a strategic asset class, as it provides no interest or yield – and in the case of physical gold, there is a cost to store it.”
Gold Silver Reports (GSR) – Bad Tariffs Means Good for Gold — The US government could slap steep tariffs on imported automobiles – and possibly even ban German luxury vehicles outright, according to a report by German business news magazine WirtschaftsWoche.
Gold Silver Reports – Physical Gold Market Prices Rise By Rs100 on Increased Jewellers Buying — Gold prices rose by another Rs100 to Rs31,580 per 10 gram at Delhi bullion-market on Saturday on persistent buying by local jewellers despite negative global leads.